Radix Marine Gains Competitive Advantage

Wednesday, December 10, 2003
Radix Marine, Inc., a marine vessel development company specializing in port and homeland security and defense initiatives, announced that it has signed a letter of intent to enter into an exclusive Development, License, and First Right of Refusal Agreement with GSE, Inc. for the marine application of the company's high power density compression ignition TSIO 1255 engine series. GSE, recently awarded a grant by the U.S. government for the initial development phase of the TSIO 1255 compression ignition heavy fuel engines (CIHFE), has been in the heavy fuel engine development business for twelve years and is utilizing proprietary technology to develop lighter and smaller high power density CIHFE. GSE's products seek to meet the market demand created by U.S. Department of Defense Directive 4140 (1999), which mandates the standardized use of heavy fuels by all branches of the military by 2010. Integrated Maritime Platforms International, Inc. (IMPII), a wholly owned subsidiary of Radix Marine, was recently awarded a contract with the United States Navy, whereby it joined an industry-consortium developing Unmanned Surface Vehicles (USV) for the Navy's Spartan program. Radix Marine has been searching for products and systems that will enhance the performance of its USVs. The exclusive right to use GSE's technology for marine applications will allow Radix Marine not only to comply with the Department of Defense directive, but also to reduce weight and space on its USVs. Minimizing deck space creates more room for vital electronics and weapons in the mission package. Lighter engines allow the craft greater range, longer on-station capability, increased payload capacity, better stability, improved fuel economy, and higher speeds. "We believe that by acquiring the exclusive right to license the marine applications of GSE's heavy fuel engines, Radix Marine will gain a sustainable competitive advantage for the company's watercraft in the military and port security marketplace," said Scott Edwards, Radix Marine Vice President. In addition to acquiring the right to license GSE's technology, the two companies also plan to begin a twelve month developmental program for a 600 hp CIHFE for use in an 11 meter USV.

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